Fundraises

French fintech Pennylane raises $200M+ with a $4B valuation (TWIF 1/31)

Also, new raises from Credit Key, Superstate, and Pomelo

Hello Fintech Friends,

I wanted to pass along a big congrats to our friends at Mesh*, who raised a $75M Series C at a $1B valuation this week to build better settlement and faster infrastructure to connect wallets, chains, and assets. Grab a ticket to come see Mesh CEO Bam Azizi at Stablecon in September!

Speaking of... in February, we're bringing our next 3 Stable Salons to Hong Kong, Nairobi, and San Francisco. Come say hi!

Please find another week of fintech financing events below.

Have feedback for us? Let us know. Find me at @nikmilanovic, @twifintech, and @ndm

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News coverage written and provided by Rachel Chang.

Stat of the Week

Consumers may be curious about agentic AI shopping, but are concerned with identity theft (55%), incorrect or unauthorized purchases (55%), and fraud (53%), according to Worldpay’s Agentic Commerce Report.

Venture Financing

Pennylane raised €175 million (~$208 million) in series E to accelerate its R&D efforts and expand its accounting and financial management platform for SMEs across Europe, with a valuation at $4.25 billion.
Credit Key raised $90 million in growth capital, along with a strategic partnership from Barings, to expand its B2B payments and financing platform.
Superstate raised $82.5 million in series B to expand its tokenization platform that moves traditional assets onto blockchain networks.
Mesh raised $75 million in series C at a $1 billion valuation to build a universal crypto payments network and expand into Latin America, Asia and Europe.
Rogo raised $75 million in series C led by Sequoia Capital to scale its AI system for financial workflows and to expand deployment across large firms globally.
Pomelo raised $55 million in series C to grow its payments infrastructure that enables embedded finance firms and other fintechs to launch their own card and virtual account programs.
Lunar raised €46 million (~$55 million) to scale business banking, develop lending products and expand into Norway and Finland.
Juspay raised $50 million in series D at a $1.2 billion valuation to expand its payment infrastructure platform globally, becoming India's first unicorn of 2026.
Zocks raised $45 million in series B co-led by Lightspeed Venture Partners and QED Investors to accelerate its AI-powered automation platform for financial advisors.
ZBD raised $40 million in series C to power real-money rewards on the Bitcoin Lightning Network and scale globally compliant payments infrastructure.
Easy Home Finance raised $30 million in series C to expand its app-based lending platform across India.
Armilla AI raised $25 million to expand its AI liability insurance and risk management platform.
NowPay raised $20 million to launch NowAccess, a joint venture expanding its payroll administration platform across Saudi Arabia, with Tas'heel holding 75% and NowPay retaining 25%.
Gridline raised $18.5 million in series A to power private market investing for the wealth management advisory firms.
Tenbin Labs raised $7 million in seed funding to transform on-chain capital markets through its asset tokenization protocol for commodities and currencies.
Bleap, founded by ex-Revolut staffers, raised $6 million for a self-custodial money app offering users full control over their digital assets.
OneDosh raised $3 million in pre-seed funding to build stablecoin payment rails in the U.S. and Nigeria.
WealthAi raised $1 million in pre-seed funding to develop its AI-powered wealth management platform for family offices, private banks, and wealth managers.

Debt Financing

Salary Finance secured a £460 million (~$633 million) debt facility from JPMorgan and Blue Owl Capital to accelerate the scale of its workplace loan and advance products among UK employers.
LendInvest secured £250 million (~$315 million) in loans from Castlelake to expand its ability to offer larger, more flexible loans to property investors and developers.
Sokin secured $100 million in long-term debt facility to drive global expansion of its payments platform across North America, Asia, the Middle East and South America.
Float secured $100 million CAD (~$74 million) in debt facilities from Silicon Valley Bank and an unnamed Canadian bank to expand its business finance platform.
UangCermat raised $6.4 million in series A, plus a $20 million structured credit facility to scale its Indonesian “phygital” lending platform, combining digital workflows with offline distribution.